Santander Bank has filed suit in federal court seeking $4.6 million in back payments for loans used to build Campbell’s Field, home of the Camden Riversharks (independent; Atlantic League). The lawsuit alleges that payments on the $7 million loan to build the ballpark in 1999 have stopped. The deal has been restructured since the ballpark’s […]
Tag Archives | loans
McCourt response to Selig: Strong words, no lawsuit
So far the only response from Los Angeles Dodgers owner Frank McCourt to the takeover of his team by MLB has been some strong words coming from a subordinate — but no lawsuit yet, despite some reporting to the contrary by iffy media outlets. New Dodgers hire Steve Soboroff, a Los Angeles political insider installed […]
Selig seizes Dodgers from McCourt
Distressed over the deteriorating financial condition of the Los Angeles Dodgers, Commissioner Bud Selig has seized control of the flagship MLB franchise and will appoint a trustee to oversee “all business and day-to-day operations” of the ballclub. The surprise move came after a questionable $30 million personal loan to Dodgers owner Frank McCourt from Fox […]